Fortune Shoes Balance Sheet Health
Financial Health criteria checks 5/6
Fortune Shoes has a total shareholder equity of BDT2.4B and total debt of BDT319.1M, which brings its debt-to-equity ratio to 13%. Its total assets and total liabilities are BDT3.0B and BDT587.0M respectively. Fortune Shoes's EBIT is BDT200.3M making its interest coverage ratio 4.1. It has cash and short-term investments of BDT348.6M.
Key information
13.0%
Debt to equity ratio
৳319.13m
Debt
Interest coverage ratio | 4.1x |
Cash | ৳348.60m |
Equity | ৳2.45b |
Total liabilities | ৳586.98m |
Total assets | ৳3.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FORTUNE's short term assets (BDT2.1B) exceed its short term liabilities (BDT503.3M).
Long Term Liabilities: FORTUNE's short term assets (BDT2.1B) exceed its long term liabilities (BDT83.7M).
Debt to Equity History and Analysis
Debt Level: FORTUNE has more cash than its total debt.
Reducing Debt: FORTUNE's debt to equity ratio has increased from 1.4% to 13% over the past 5 years.
Debt Coverage: FORTUNE's debt is well covered by operating cash flow (85.6%).
Interest Coverage: FORTUNE's interest payments on its debt are well covered by EBIT (4.1x coverage).